Yesterday, we were looking at this picture from this post: “Technical Analysis: GBPJPY coiling like a snake“: This morning when I revisited the pair, we were looking at this picture from this post:” Technical Commentary: GBPJPY short…” The price trended away. … Continue reading
Forex headlines for Oct 1, 2014: US ADP employment report 213k vs 210k exp US ISM manufacturing PMI 56.6 vs 58.5 exp ISM comments reflect generally positive outlook September 2014 US Markit manufacturing PMI final 57.5 vs 58.0 exp SNB’s … Continue reading
USD/JPY touched a fresh session low of 108.99. That forms a bearish outside reversal on the daily chart after the 6-year high of 110.09 earlier today. Citi was out with a note earlier comparing a reversal on the first trading … Continue reading
Draghi delivered an unexpected speech a day ahead of the European Central Bank decision and used it to put the onus on governments to restore growth. That could be a preview of what Draghi will say after the ECB meeting. … Continue reading
Swiss National Bank President Jordan spoke with FAZ: Minimum exchange rate is absolutely central Negative interest rates can still be applied Doubts that franc will continue to strengthen No reaction in EUR/CHF, trading at 1.2069.
Draghi says fiscal, structural policies must also do their part, in a speech in Naples ahead of tomorrow’s ECB meeting. Eurozone faces cyclical and structural challenges Key to sustainable recovery is higher investment I hope this is the start of … Continue reading
Down from the blistering 17.45M pace in August but up from 15.42M in Aug 2014.
There’s no clear fundamental catalyst for the weakness in the S&P 500 today but three technical levels have given way. The 61.8% retracement of the Aug-Sept rally The 100-dma The April-August trendline Keep an eye on those levels on a … Continue reading
Relational Investors will wind down its $6 billion fund, likely due to the ill health of co-founder Ralph Whitworth who was diagnosed with throat cancer. The Wall Street Journal reports: One internal memo at a public pension fund said Relational … Continue reading
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